EOS Gains 11%; Will It be the Best Performing Cryptocurrency in 2019?

EOS Gains 11%; Will It be the Best Performing Cryptocurrency in 2019?

EOS recently gained a lot of limelight as two independent sources from China and the US ranked EOS at in their list of cryptocurrencies. The list included Bitcoin (BTC), Ethereum (ETH), XRP and Tron (TRX) as well. However, the growth of the number of transactions and transaction capacity in EOS is unparalleled.

The 11th monthly edition of the rankings of Public Blockchain by Chinese Agency, Center for Information and Industry Development (CCID) placed EOS as the first position. The annual report of Weiss crypto-ratings also placed EOS at the top w.r.t. all-round performance in technology, transaction volume, capacity, and risk vs. reward ratio.

Price Surge

The price of BTC at 6: 30 hours UTC on 27th March is $4.06. It is trading 11.1% higher on the daily scale. A Break-out from the symmetrical triangle above the resistance line started the bullish action. EOS was trading around $3.65 on 26th March.

EOS/USD 4-Hour Chart (Trading View)

Announcements

The main catalyst for the jump in EOS might have Dan Larimer’s hint at a big announcement in June 2019. Block.one released a teaser for its event to be held in June 2019; Hashtag #B1June has become popular on Twitter.

According to the Official Website:

Block.One released a teaser for the upcoming June 1 event that Dan Larimer and Brendan Blumer have been hinting at recently.

According to reports, the announcement on June 1 will be huge. EOS is emerging as the most advanced Blockchain Platform for Smart Contract and Dapps Implementation. EOS is currently ranked in the top 5 cryptocurrencies by Market Capitalization with a market cap of above $3.5 billion.

Do you think the break-out will continue or corrections are in order? Which is the best Dapps platform according to you?

Summary

Article Name

EOS Gains 11%; Will It be the Best Performing Cryptocurrency in 2019?

Description

EOS recently gained a lot of limelight as two independent sources from China and the US ranked EOS at in their list of cryptocurrencies. The list included Bitcoin (BTC), Ethereum (ETH), XRP and Tron (TRX) as well.

Author

Nivesh Rustgi

Publisher Name

CoinGape

Publisher Logo

Disclaimer
The presented content may include the personal opinion of
the author and is subject to market condition.
Do your market research before investing in cryptocurrencies.
The author or the publication does not hold any responsibility
for your personal financial loss.

A blockchain enthusiast, my expertise extends to marketing and advertising through which I was able to help a few notable startups in generating initial traction. Follow me on Twitter at @abhinavagrwl94 and reach out to me at abhinav[at]coingape.com

A blockchain enthusiast, my expertise extends to marketing and advertising through which I was able to help a few notable startups in generating initial traction. Follow me on Twitter at @abhinavagrwl94 and reach out to me at abhinav[at]coingape.com